REGISTERED COMPANY NUMBER: 4132695 (England and Wales) REGISTERED CHARITY NUMBER: 1092293 SCOISH CHARITY NUMBER: SC040004 REPORT OF THE TRUSTEES AND CONSOLIDATED FINANCXAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 POR BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST GMP Audit Limited, Statutory Auditor 82 High Street Tenterden Kent TN30 6JG
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Page Report of the Trustees I to 11 Report of the Independent Audltors 12 to 14 Consolldated Statement of Financlal Actlvltles 15 Con$olldated Balance Sheet 16 to 17 Charlty Balance Sheet 18 to 19 Consolldated Cash Flow Statement 20 Notes to the Consolidated Cash Flow Statement 21 Notes to the Financial Statements 22 to 44
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial Statements of the charity for the year ended 3 1st December 2024. The trustees have adopted the provision5 of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20 19). Message from the Chalr and Vice-chalr We are pleased to present Buglife's Trustees, Report for 2024. This year has been transformative for our organisation, marked by significant achievements and a steadfast commitment to addressing the global biodiver51ty crisis. The planet continues to face an alarming decline in biodiversity. primarily driven by human activities. The United Nations Blodiversity Conference (COP16> in Colombla in October 2024 underscored the urgency of this crisis, revealing that nearly one million plant and animal species are at risk of extinction. In the face of these challenges, Buglife remains resolute in Its mlssion to halt the extlnction of invertebrate species and ensure their sustainable populations. Our efforts Sn 2024 have been multifaceted, focusing on habitat restoration, policy advocacyi and community engagement. Here are some of our many achievements In 2024.. B-Lines Expansion.. Our 8-Lines initiative has seen remarkable progress. In 2024. over 6,500 hectares have been restored across the UK. with Buglife directly contributing nearly 110 hectares. Notably, the 'Get the Marches 8uzzlng" project successfully restored over 60 hectares of grassland and heathland, benefltSng specles such as the Dingy Skipper and Bilberry Bumblebee. Important Invertebrate Areas (IIAS),. We h3ve now mapped 70 IIAS, providing detailed profiles to guide conservation efforts. This includes a new collaboration with UK Overseas Territories like Anguilla and Bermuda to develop prboritlzed networks for invertebrate conservation. Light Pollution Advocacy.. Buglife has been at the forefront of campalgns addresslng light pollutlon. In 2024, we successfully influenced the inclusion of light pollution considerations in the UK'S revised National Pollinator strategy. Our 'Curtains for Light Pollution" campaign has raised public awareness, encouraging individuals and nstitutlons to minimise artificial light exposure. Chemical Pollution and PesticSde Regulation.. We continue to advocate for strlngent pestSclde regulatlons. A significant achievement in 2024 was the UK government's commitment to prevent the use of neonicotinoids on crops, aligning wlth our manifestO'5 objectives. Guardians of Our Rlvers: This initiative has trained over 310 volunteers in freshwater invertebrate monitoring across Scotland. Additionally, we conducted seven School workshops and engaged over 1,700 individuals through various events, promoting the importance of healthy river ecosystems. Bugs Matter Citizen Science Survey.. In partnership with Kent Wildlife Trust, the 2024 survey saw data collected from over 8,850 Journeys, covering over 250,000 miles. The data collected is crucial for understanding trends in the abun(iance of flying insect populations, with comprehensive results to be published in spring 2025. Recognising Leadership and Looking Forward As we advance Into 2025, Buglife is committed to amplifying our impact. We are actively exploring innovative strategies and partnershlps to address the biodiversity crisis effectively. Our focus remains on translating global conservation goals into actionable outcomes within the UK and beyond. Page I
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 During 2024 we began a restructure of our or9anisational leadership structure, moving from a traditional CEO model to a modern Co-Leadership approach. Consequently, after two decades with Buglife, Matt Shardlow has left his posltion. Matt has been an integral part of Buglife since its inception, demonstrating unwavering commitment and passionate leadership. His dedication has been instrumental in shaping our organisation into the respected and impactful charity it is today. We would like to wish our former CEO all the best for the future. Finally, we extend our deepest gratitude to our staff, trustees, volunteers, and supporters. Your unwavering dedication Is the cornerstone of our success. Together, we will continue to champion the cause of invertebrates and work tlrelessly to preserve the intricate web of life they support. OBJECTIVES AND ACTIVITIES Objectives and alms Buglife's charitable purposes and mlsslon Our purposes are.. (a) The study, protection and preservation from extinction of natural Invertebrate fauna by conserving them In the wlld by such means as are available. (bl To promote and sponsor scientlflc study and research into the habitats, diseases and Ilfe-cycles of such Invertebrate fauna and in relation to modern agricultural, horticultural, industrial and human practices and activities, and to di55eminate the results of such research as widely as possible. (c) To promote the permanent preservatlon and sound management for the benefit of the publlc generally of lands of ecological or other scientific importance with particular reference to invertebrate fauna. Id) To foster Interest in governmental and voluntary bodies, educational establishments and the public generally In problems concerning the conservatlon of natural Invertebrate fauna. Our vision is for a wildlife-rich planet where other species thrive alongside people. Our mission is to achieve Buglife's aims, we will work to stop the extinction of invertebrate species and to achieve sustainable populations of invertebrates. The outcomes sought by Buglife are lald out in a strategy (2021-2030) which was finalised in 2020. Three intended outcomes are for a World that.. {a) Has room for invertebrates Ib) Is safe for invertebrates (c) Has friendlier relationships with invertebrates In pursulng these outcomes, the Trustees have due regard to the Charlty Commission's guidance on public benefit. Page 2
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 OBJECTIVES AND ACTIVITIES SlgnifÉcant activities In line with the overarching principles, this report sets out to exemplify some of our main activities and achievements in 2024 towards our three intended OLJtcomes. l. Room for Invertebrates 8-Lines B-Lines are 3km wide corridors connecting our best remaining wildflower-rich habitat, to focus natlonal efforts to create and restore habitat for pollinators. B-Lines continues to successfully drive wildflower-rich habitat creation across the UK. To date over 3,600 points of activlty have been captured on the B-Lines map, representing over 6,500 hectares (ha). Buglife projects alone contributed nearly Iloha of new or restored habitat for pollinators in 2024. 2024 saw Bugllfe secure funding for new B-Llnes projects including Aberdeen Nectar Networks that wlll transform 8ha around the city. It saw some of 8uglife's most ambitious delivery projects to date get underway, ir)cluding Life on the Edge in South Devon that will deliver 500ha of gra551and-scrub mosaic for rare pollinators. while the successful Get the Marches Buzzing project wrapped up having delivered over 60ha of grassland ènd brownfield heathland restoratlon. Meanwhile, 13 land management training events were held. 540 people were trained in ecological survey techniques, and the online launch event for B-Lines guldance for local authorities In England and Wale5 were attended by almost 300 people. Important Invertebrate Areas Important Invertebrate Areè5 IIIAS) are nationally or internationally important places for invertebrates and their habitats. 2024 Saw the milestone being met of 70 IIAS being fine-scale mapped, alongside 40 publiclv avallable profile resource5 which outline their key species, assemblages and habitats, and the associated threats and opportunities. The flne-scale mapped network has contlnued to be expanded in England and Scotland thanks to the help of the recording community and local experts. A new GES Data Hub has made the mapped IIA network more available to crucial stakeholders in ecological consultancy, conservation prioritisation, agriculture and planning decision making. Buglife also Inltiated the use of IIAS internationally, workSng wlth partners to advlse on the development of their own prioritised networks for invertebrates. Thls includes working with four UK Overseas Territories partners in An9uilla, Ascension, Bermuda and the Falkland Esland5 to develop IIAS as part of the 'Supporting Atlantlc Territories Invertebrate Conservation, project. The project will help to direct the conservation actions for endemic species for which the UK has an international responsibility. Canvey WFck Canvey Wick was the first SSSI notified specifically for its brownfield invertebrates and is Buglife's first Bug Reserve, working closely with the RSP8 and Land Trust. The Canvey Wick Community Warden, funded by the Ida Davis Foundation, has continued to connect the local community in South Essex with this brownfield wildlife haven. In 2024, over 1,800 people were engaged at 7 1 events, working with families, schools, young people, mental health support groups, older people, the art community, and corporate partners. This includes supporting the ongoing restoration of flowery, open habitats ènd long-term aims to open the entire 93ha site to the public. The succe55 of the project was acknowledged by Buglife's partners at the Land Trust, with Canvey Wick voted 'Managing Partners Choice Awards Project of the Year, 3t the 'Annual Land Trust Managing Partners Awards,. Page 3
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 OBJECTIVES AND ACTIVITIES Species Recovery The Natural England funded 'Threatened Invertebrates project has continued to trial conservation solutions for twelve of England's most threatened invertebrate species. Thi5 includes trialling the translocation of Narrow- headed Ant 'mini nests, and releasing mated queens, developing new pheromone lure methodologie5 to deploy in 2025, and surveying potential new sites for a host of species- with the known range of the Eyed Longhorn beetle expanded In the East of England from project surveys in 2024. The Species on the Edge programme, a collaboratlon between seven nature conservatlon organisations, has contlnued to deliver conservation actions for threatened species on the coasts and islands of Scotland, Conservation rearing of Tadpole Shrimp saw Iokg of egg-laden sediment spread on the Kircudbrightshire coast to seed a new population, whlle new sltes were recorded for Short-necked Oil Beetle on Coll and Tiree, nd Kidney Vetch sown for Small Blue Butterflies. In Wale5, the Natur am Bythl Project has been undertaking essential survey and trainlng work to inform the rest of the project. A new 51te was discovered for the Scarce Yellow Sally stonefly, whlle on the Swansea Bay project weekly monltoring established for the Fen Raft Spider on the Tenant Canal and volunteer strained In preparation for 2025 surveys for the Strandllne Beetle. In Northern Ireland our Conservation Offlcer has been undertaking survey work to inform future conservation action for threatened species found In Areas of Special Scientific Interest. This work, funded by the Northern Ireland Environment Agency, will lead to a better understanding of what actions are required to ensure these species can thrive in the future. Meanwhile, 2024 saw the confirmation that a beetle found in 2022 is new to science- the intriguingly named Fence-climber Twiglet Weevil. Outside of the UK, Buglife a150 confirmed Its role In an IUCN led European Commission project to support the implementation of three European pollinator Species Action Plans- a vital step to reverse the declines for some of Europe's most threatened pollinators. 2. Safe for Invertebrates Llght Pollutlon We have continued to lead campalgning actlon on light pollutlon through multiple initlatives at national, European, and international levels. We have successfully pushed for light pollution to be considered in the UK'S revlsed National Pollinator Strategy. with recognition from Ministers that light pollution is a driver of insect declines. We participated in European meetings on light pollution, co-drafting scientific advice for EU policymakers to Improve monitoring and regulation. Our International collaborations, such a5 part of the Dark and Quiet Skies Advisory Group and the IUCN Firefly Specialist Group, continued to increase awareness. In addition to policy advocacy, we have increased public engagement campaigns, including "Curtains for Light Pollution, encouraging individuals and institutions to consider our relationship with artificial light. We played a key role in shaping presentations at COP16, highlighting the impact of light pollution on biodiversity, and continue to drive discussions through the APPG for Dark Skies and European Council initiatives. We have proposed a Light Pollution Taskforce through the IUCN SSC and are supportlng the development of a coalition to coordinate UK-based efforts to influence publlc awareness and legislation. Chemlcal Pollution We continue to advocate for stronger pesticide regulations, particularly pushing for the long-delayed National Pesticide Action Plan (NAP) to be comprehensive and consider pesticide use beyond agriculture. We maintain regular engagement with Defra to discuss pesticide policy. A key win for our manifesto ask5 15 the new Governments commitment to prevent the use of neonicotinoids on crops. We have supported the Pesticide Collaboration's campaign for a nationwide ban on urban pesticide use, backing a private member's bill and mplifying public awareness as well as supporting broader chemical regulation efforts, signing letters advocating for stronger data safety requlrements and alignment with EU standards. Page 4
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 OBJECTIVES AND ACTIVITIES Our continued campaign to raise awareness about the environmental impact of veterinary medicines, has seen us hold meetings with the Minister to explore solutions. Parliamentary briefings have influenced debates, increasin9 awarene55. We have secured funding to develop a public awarene55 campaign about the environmental impact of flea treatments. Invaslve Non-natlve Specles (INNS) A long-term Bu91ife ask was realised in the form of the INNS Inspectorate being made permanent. We contlnue to push for the publication of overdue Pathway Action Plans (PaPs) and have met with the new 8iosecurity Minister to address delays and explore legislative actions. We have regularly contributed to medla discussions on the risks of Yellow-legged Hornets, attended key working group meetings, and challenged government delays in INN5 management. We have collaborated with WCL and ScotLink on INNS reports to influence UK and Scottish government policies, using these reports to raise awareness durlng INNS Week. We have briefed elected officials in debates in Parllaments, ensuring INN5 issues remained on the political agenda. We are contributing to the development of Scotland's INNS Action Plan, as well as the future direction of the England Working Group. 3. Friendller Relationships Guardlans of our Rlvers The Guardians of our Rlvers project is working wSth the Riverfly Partnership to train volunteers to monitor freshwater invertebrate populations. In the past year the project ha5 trained over 310 volunteers, from 19 monitoring groups from the far northwest of Scotland to the Scottish Borders. In addition, we ran 7 school workshops and attended 19 events engagbng over 1748 people. We have also been developing the new Extended tralnlng materials and training ready for delivery In 2025. Bugllfe has also helped wlth the development of the Riverwoods Snltlative which Is promotlng the planting of tree5 along rivers and streams to shade and cool the water, We continue to monitor populations of the Upland Summer Mayfly which are rapidly retreating upstream as water temperatures rSse, Endemlc Invertebrates Report Great Britain is home to 20 invertebrate species which are found nowhere else in the world. During 2024 we undertook survey work for two of these species. A citizen survey of adult Northern February Red (Brachyptera putata I ran between February and April, resulting in new records of this stonefly which is restricted to larger rivers in the Scottish Highlands. We also undertook survey work on the Lundy Cabbage Flea Beetle (Psylliodes luridipennis) which is restricted to the island of Lundy. Understandlng Specles Recovery Needs Buglife has supported two Natural England funded projects, Threatened Species Recovery Actions (TSRA) and Species Evidence Base {SEB), which wlll help to support better outcomes for invertebrates in England. Through the TSRA project, Buglife helped to develop detailed actlons for species of conservatlon Identified as requiring targeted or tailored interventions. Much of this involved accessing the knowledge of national species experts. Buglife similarly supported the SEB, a project to gather wide-ranging information and evidence on over 1,000 invertebrate species to inform evidence-led decision making iri Natural England's species recovery work. This will help to assess how the government's legally binding Species extinction risk and abundance targets are being met. In England Buglife has supported the developing network of Local Nature Recovery Strategies, including producing generic resources on how to consider invertebrates properly in the proces5 and identifying suitable pressures and measures for key habitats supporting invertebrates. Page 5
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 OBJECTIVES AND ACTIVITIES Bugs Matter Bugs Matter is a citizen science survey, run by Buglife in partnership with Kent Wildlife Trust. The survey collects data on the abundance of flying insects across the UK, and therefore on the health of our environment. Participant5 record the number of insect splats on vehicle number plates a5 a marker of insect abundance, During 2024, a total of 8,850 journeys were made, covering over 250,000 rniles. The full results of the survey will be published In Sprlng 2025. Volunteers Volunteers have been active across the geographic span and activity breadth of the charity, for example in the following areas of work: Supporting our office activities Delivering pollinator action in towns and cities Recording biological data, for instance Northern February Red Stoneflies and Blue Ground Beetles Monitoring their local rivers Scrub clearance on heathland Leading or advlsing on conservation Issues We have several regular volunteers, but hundreds of people who help with projects and others who contribute biological records. During the year we received over 4,333 hours of volunteer time. If these hours were to be valued and Included within the Statement of Financial Activities, then the income and corresponding costs would be £51,996. Buglife has 36 formal member organisations, mostly Invertebrate specialist socleties or nature conservatlon charitles. Working with our member organisatlons often helps the volunteers In those charities contribute effectively to nature conservation activities. ACHIEVEMENT AND PERFORMANCE Fundralsing activities We continue to review our Fundraisbng Pollcy, taking account of our experience. We do not use external fundraising organisations. We are registered with the Fundraising Regulator. We continue to explore ways of increasing unrestricted funds to complement our very successful project work. This includes work on membership offers, ways of securing resources from members and 5UPPOrters through additional services, crowdfundlng, applying for unrestricted grants and continuing to develop relationships with corporate donors. We are also increasingly growing legacy income and investing in growing this area. In 2024 we received significant unrestricted donations from Aurum, Charles Russell Speechleys Foundation, Garfield Weston Foundation, Golden Bottle Trust, Gleeson, Taylor Wimpey and Statkraft. The most substantial grant giver in support of our proj'ect and delivery work wa5 the National Lottery Heritage Fund, and there was substantial support also received from Scottlsh Power Energy Networks, Milkywire, Scottish Power Foundation, MW Topps, Natural England, Northern Ireland Environment Agency, NatureScot, Natural Resources Wales and Peoples Postcode Lottery Dream Fund. Page 6
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 FINANCIAL REVIEW Flnancial activlty Our project income has been growing strongly, and we are in our strongest ever position, we have already secured project income for the next three years at or beyond the target level set for 2025 in the Busines5 Plan. Restricted funding increased by 11.70/0 to £1,746,144 (2023.. £1,563,463) the charity successfully bid for a variety of grants that has allowed it to expand and develop the range of project work it undertook during the year. Funds raised with no restrictions were £1,609,462 (2023: £771,983). This was up on the previous year by 108.5Vo due to the receipt of legacy funding. Over the perlod total Income exceeded total expenditure by £537,78 1 (2023: £243,829). Investment pollcy and objectlves The trustees have the power to invest in such assets as they See fit. The trustees have consSdered the most appropriate policy for investlng funds and utilise the CAF Investment Platform to place deposlts of varying terms to ensure access to funds to support the timing of project delivery. The flnanclal institutions selected are those that score best with their green credentials. Other than in the current account the amount invested with any bank has been limited to £1 10,000 to minimise risk. Reserves pollcy and golng concern The trustees have established a policy of maintaining a level of unrestricted reserves which ensures that there are adequate funds to meet all current and known future1Sabilities. The trustees have established a policy whereby the unrestrlcted funds not commltted or invested In tanglble fixed assets (the free reserves> held by the charlty should normally be between 3 and 6 months of total Staff and other core charlty expenditure. At the end of December 2024, free reserves stood at £1,103,854 equating to approximately 4. 7 months cover. FUTURE PLANS In 2020 Buglife produced a new strategy that runs from 2021 to 2030 and in 2021 a business plan for 2022-25. The business plan follows the themes set out in the strategy to make sure that there is more 'room for invertebrates, that the land is 'Safe for invertebrates, and that humans develop 'friendlier relatlonships Wlth invertebrates,. The business plan includes over 180 aims and targets, including.. Secure an addltlonal 3,000 hectares filled with wlldflowers Wlthin B-Lines by the end of 2025, start nine new specles recovery projects by the end of 2023. Get traction with our campaigns and advocacy work on pesticides, light pollutlon, bi05ecurity, peat, pharmaceuticals and vet meds. Improve engagement of diverse groups of people with invertebrate conservation, with metrics developed relating to membership and engagement with activitles by 2023. Increase unrestricted income to £665K in 2025. This has already been acheived for 2024 and has been revised for 2025. Move all our internal systems and processes to a paperless basis by 2023. To continue our good record of staff survey results, by maintaining 70010 of Scores above sector average, Page 7
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is governed by ils Memorandum and Articles of A55OCiation and the company was incorporated 29 December 2000. The Memorandum and Articles were last updated by special resolution on 24 June 2023. The charity was registered with the Charity Commission (registered number 1092293) on 30 May 2002, with the OSCR (registered number SC040004) in 2016 and has submitted an interest in registering with the Charity Commission for Nl. Recrultment, appolntment, Inductlon and tralnlng of trustees Recruitment is carried out with reference to the Charity Commission's guidelines. Trustees are appointed at the Annual General Meeting by ordinary resolution, but the Board can appoint additional or replacement trustees du ring the course of the year. Trustees appointed by the Board hold office until the following Annual General Meeting at which they are Subject to formal appointment, Trustees can serve no more than 10 years. They will Subsequently be eliglble for re-appointment following break of at least one year and may be co-opted by the Board at an earlier date If it Is deemed necessary to retain their specialist skills. We hold four Trustee meetin95 and the AGM during the year. Inductions, training and on-golng support are provided to trustees to enable them to carry out their duties effectlvely. Inductlons are planned for each new trustee, and each recelves a comprehensive inductlon pack including a copy of the governing document, information on the charity's aims and procedures and trustees, responsibilities and roles. The Trustees have complied wlth the duty In section 4 of the 2006 Charities Act to have due regard to guidance publlshed by the Charity Commission, including public benefit guidance. Organlsational structure Trustees set the policy, and control and monitor the trust's activities. Trustees delegate the day-to-dav management and administration of the trust to the Senior Leadership Team. This year marked a slgniflcant evolution In our organisational leadershlp structure. We are transitlonlng from a traditional CEO model to a modern Co-Leadershlp approach, now led jointly by our Director of Conservation and a newly created Dlrector of Transformation position. Additionally, we strengthened our Senior Leadership Team by incorporating the Head of Operations, This restructuring reflects our commitment to adaptlve governance and strategic growth. The President and Vice Presidents are not ex-officio members of the Board and therefore have no voting rights. They are not, however, precluded from being appointed trustees. Related partles None of our trustees receive remuneration or benefits from their work with the charity. Any connection between a trustee or senior manager of the charity with a partner organisation or contracted individual or company must be disclosed to the full board of trustees. Buglife has 36 company member organi5ations, mainly invertebrate specialist societies or nature conservatlon charitie5. Buglife is a member of several umbrella bodies that discuss, determine and promote joint policies, positions and activities. These include Invertebrate Link, Wildlife and Countryside Link, Scottish Environment Link, Welsh Environment Link and the European Habitats Forum. Page 8
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is part of Rethink Nature with four other species conservation charities who are generating joint projects and initlatives and investlgating further ways to work more effectively in achievlng our similar objectives. Buglife Services is a wholly owned subsidiary company established to undertake our contract work, with any surpluses earned being gifted to Buglife. Directors are appointed by the Board of Trustees Pay pollcy for senlor staff Payment of staff is based on a points-based system using Croner data linked to the average salaries for comparable roles in charities in the same income and staffing level brackets, adjusted for the environmental charity sector. Rlsk management The trustee5 have examined the major strateglc, business and operational risks which the charity faces and conflrm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. The risk register is presented to the 8oard annually. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 4132695 (England and Wales) Registered Charity number 1092293 Reglstered offlce G,06 Allia Future Buslness Centre London Road Peterborough PE2 8AN Trustees C J Spreadbury - Treasurer Ms S Dawklns - Chair R C Forster Dr R S Hooper Ms N Seale M Johnston (resigned 241512024) Ms W Brooks (resigned 311312025) Ms E C Regan {resigned 281212025) CEO (positlon made redundant July 2024) Matt Shardlow Co-Leadershlp (introduced July 2024) Director of Conservation Craig Macadam Director of Transformation Currently vacant Page 9
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Audltors GMP Audit Limited, Statutory Auditor 82 High Street Tenterden Kent TN30 6JG Solicitors Greenwoods Monkstone House City Road Peterborough PEI IJE Presldent Steve Backshall MBE Emerltus President Professor Germalne Greer Vlce Presldents Nick Baker Alan Stubbs MBE Maya Leonard Gillian Burke Page 10
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Buglife The Invertebrate Conservation Trust for the purpose5 of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trLtstees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application or resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accountlng policies and then apply them consistently. observe the methods and principles in the Charity SORP,. make Judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basls unless it is Inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tlme the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardlng the a55ets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware,, there Ss no relevant audlt Informatlon of which the charltable company's auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that Information. AUDITORS The auditors, GMP Audit Limlted, Statutory Auditor, wlll be proposed for re-appointment at the forthcoming Annval General Meeting. Approved by order of the board of trustees on and signed on it5 behalf by.. S Dawkins Trustee Page 11
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST Opinlon We have audited the financial statements of Buglife The Invertebrate Conservation Trust (the 'parent charitable company.) and its subsidiaries (the 'Group') for the year ended 3 1 December 2024 which comprise the Group Statement of Financial Activities, the Group and Charity Balance Sheet, the Group Cash Flow statement and note5 to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in thelr preparation is applicable law and Unlted Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). In our opbnion the financial statements: give a true and fair view of the state of the Group's and parent's charltable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including it5 income and expenditure, for the year then ended; have been properly prepared in accordance with United Klngdom Generally Accepted AccoLtnting Practice,, and have been prepared in accordance with the requirement5 of the Companies Act 2006, the Cha rities and Trustee Investment {Scotland) Act 2005 and Regulation 8 of the Charities Accounts {Scotland) Regulations 2006. Basls for oplnion We conducted our audit In accordance with International Standards on Auditing IUKI (ISAS (UK>I and applicable law. Our responslbillties under those standards are further descrlbed in the Auditors, responsibilities for the avdit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requlrements that are relevant to our audlt of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfllled our other ethical responsibilities In accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and approprlate to provide a basls for our opSnlon. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the tru5tee5' use of the going concern basis of aCCOL>nting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not Identifled any material uncertainties relating to events or condltlons that, individually or collectively, may cast signlflcant doubt on the Group's ability to continue as going concern for a period of at least twelve months from when the flnancial statements are authorised for issue. Our responslbllities and the responsibillties of the trustees with respect to golng concern are described in the relevant sections of this report. Other Informatlon The trustee5 are responsible for the other information. The other information comprises the information Included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the other informatlon an(J, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appear5 to be materially misstated. If we identify such material inconsistencies or apparent material mi55tatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perforrned, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST Matters on which we are requlred to report by exception We have nothing to report in respect of the following matters where the Charities {Accounts and Reports) Regulations 2008 or Charlties Accounts (Scotland) Regulations 2006 requires us to report to you If, in our opinion.. the information given In the Report of the Trustees is inconsistent in any materlal respect with the financial statements; or the charltable company has not kept adequate accounting record5; or the flnancial statements are not in agreement with the accounting records and returns. or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the trustees determine is necessary to enable the preparation of financlal statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assesslng the Group and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matter5 related to going concern and using the going concern basis of accountlng unless the trustees either intend to 1Squidate the Group or parent charitable company or to cease operations, or have no realistic alternative but to do so. Our responslbllltles for the audlt of the flnanclal Statements We have been appointed as auditors under Section 144 of the Charitie5 Act 20 1 l and Section 44(1)Ic) of the Charities and Trustee Investment (Scotlandl Act 2005 and report in accordance wlth the Act and relevant re9ulatlons made or havlng effect thereunder. Our objectives are to obtaln reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our oplnlon. Reasonable assurance is a hlgh level of assurance, but Is not a guarantee that an audit conducted In accordance wlth ESAS (UK) wlll always detect a material misstatement when it exists. MSsstatement5 can arise from fraud or error and are considered material if, Individually or in the aggregate, they could reasonably be expected to Influence the economic decisions of users taken on the basis of these flnanclal statements. The extent to which our procedures are capable of detectlng Irregularities, including fraud Is detailed below.. Discussions with management which included consideration of known or suspected instance5 of non-compliance with laws and regulations and fraud. Reviewing, evaluating and testing systems and controls to assess their effectiveness to prevent and detect irregularities. Identifying, reviewing and testing of Journal entries. Challenging assumptions and judgements made by management in respect of significant accounting estimates. Reviewing minutes of Board Meetings for known or suspected instances of non-compliance with laws and regulations and fraud. There are inherent limitations in the audit procedures described above and the further removed non- compliance with laws an(i regulations is from that events and transactions reflected in the financial Statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one due to error, as fraud may involve deliberate concealment by, for example, forgery or Intentlonal misrepresentations, or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 13
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST Use of our report This report is made solely to the Group and parent charitable company's trustees. as a body, in accordance with Part 4 of the Ch3ritie5 (Accounts and Reports) Regulations 2008 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the Group and parent charitable company's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Group and parent charitable company and the charitable company's trustees as a body, for our audSt work, for this report, or for the opinions we have formed. Date.. GMP Audlt Llmlted, Statutory Auditor Eligible to act as an auditor in terms of Section 12 12 of the Companies Act 2006 82 High Street Tenterden Kent TN30 6JG Page 14
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted fund Restrlcted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,206,546 1,206,546 655,148 Charltable actlvltles Practical Conservation Education and Advocacy Policy and Campaigning Research, Survey & Advice Fundraislng 688,834 523,262 25,373 485.424 23,251 688,834 523.262 25,373 757,234 23,251 594,459 552,921 99,372 346,302 53,469 271,810 Other tradin9 activities Investment income 88,291 88,291 Total 1 609 462 1 746 144 3 355 606 2 335 466 EXPENDITURE ON Raislng funds 118,392 93,381 211,773 127,948 Charltable actlvltles Practical Conservation Education and Advocacy Policy and CampaignSng Research, Survey & Advice 134,195 186,425 414,513 397,918 387,152 413,624 59,461 553,636 521,347 600,049 473,974 951,554 638,102 552,431 303,343 469,813 Other trading actlvitles Total 1 310 571 1 507 254 2 817 825 2 091 637 NET INCOME 298,891 238,890 537,781 243,829 RECONCILIATION OF FUNDS Total funds brought forward 804,963 572,691 1,377,654 1,133,825 TOTAL FUNDS CARRIED FORWARD 1,103,854 811,581 1,915,435 1,377,654 The notes form part of these financlal statements Page 15
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST CONSOLIDATED BALANCE SHEET 31ST DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 14 6,100 6,100 7,578 CURRENT ASSETS Debtors Cash at bank 16 571,197 822 181 448,334 1 049 031 1,019,531 1 871 212 563,260 1 207 839 1,393,378 1,497,365 2,890,743 1,771,099 CREDITORS Amounts falling due within one year 17 (295,624) (685,784) (981,4081 (401,023) NET CURRENT ASSETS 1 097 754 811 581 1 909 335 1 370 076 TOTAL ASSETS LESS CURRENT LIABILITIES 1,103,854 811,581 1,915,435 1,377,654 NET ASSETS 1 103 854 811 581 1 915 435 1 377 654 FUNDS Unrestricted funds Restricted funds 19 1,103,854 811 581 804.963 572 691 TOTAL FUNDS 1 915 435 1 377 654 The Group and parent charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 315t December 2024. The members have not deposited notice, pursuant to Section 476 of the Companles Act 2006 requiring an audit of these financial statements. The trustees acknowledge their responsibilities for (a) ensuring that the chartable company keeps accounting records that comply wlth Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011 and Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005.) The notes form part of these financial statements Page 16 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST CONSOLIDATED BALANCE SHEET - contlnued 31ST DECEMBER 2024 These flnancial statements have been prepared in accordance wlth the provisions applicable to charltable companies subject to the small companies regime. The financial statements ere approved by the Board of Trustees and authorised for Sssue on S Dawkin5 - Trustee Spreadbury Trustee The notes form part of these financlal statements Page 17
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST CHARITY BALANCE SHEET 31ST DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets Investments 14 15 6,100 loo 6.100 loo 7,578 loo 6,200 6,200 7,678 CURRENT ASSETS Debtors Cash at bank 16 558,011 750 376 448,334 1 049 031 1,006,345 1 799 407 587,208 1 183 792 1,308,387 1,497,365 2,805,752 1,771,000 CREDITORS Amounts falllng due within one year 17 (210,733) (685.784) (896,517} (401,011) NET CURRENT ASSETS 1 097 654 811 581 1 909 235 1 369 989 TOTAL ASSETS LESS CURRENT LIABILITIES 1,103,854 811,581 1,915,435 1,377,667 NET ASSETS 1 103 854 811 581 1 915 435 1 377 667 FUNDS Unrestricted funds Restricted funds 19 1,103,854 811 581 804,976 572 691 TOTAL FUNDS 1 915 435 1 377 667 The charitable company Is entitled to exemption from audlt under Sectlon 477 of the Companles Act 2006 for the year ended 31st December 2024. The members have not deposlted notlce, pursuant to Sectlon 476 of the Companles Act 2006 requiring an audit of these financial statements. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the State of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirernents of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been audited under the requirernenl5 of Section 145 of the Charities Act 2011 and Section 44(1) Ic) of the Charities and Trustee Investment (Scotland) Act 2005. (bl The notes form part of these financial statements Page 18
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST CHARITY BALANCE SHEET - continued 31ST DECEMBER 2024 These financial statements have been prepared in accordance with the provlsions applicable to charitable companies subject to the small companies regime. The flnancial statements yere approved by the Board of Trustees and authorised for issue on ..12..lu&y..aQA.%.... and were signed on its behalf by: S Dawkins Trustee preadbury - Trustee The notes form part of these financial statements Page 19
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 Notes Cash flows from operating activitles Cash generated from operations 626 322 355 408 Net cash provided byllused in) operating activities 626 322 355 408) Cash flows from Investing actlvltles Purchase of tangible fixed assets Interest received (3,754) (4,098) Net cash provided by investing activities Change In cash and cash equlvalents In the reporting period Cash and cash equivalents at the beginnlng of the reporting perlod 663,373 (327, 715) 1 207 839 1 535 554 Cash and cash equlvalents at the end of the reportlng perlod 1 871 212 1 207 839 The notes form part of these financial statements Page 20
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting perlod (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in debtors Increase/{decrease} in creditors 537,781 243,829 5,231 {40,805) (456,271) 580 386 4,813 (31,791) (235,202) 337 057 Net cash provlded byl(used in) operations 626 322 355 408 ANALYSIS OF CASH AND CASH EQUZVALENTS 2024 2023 Notice deposits {le55 than 3 months) 1,871,212 1,207,839 Total cash and cash equivalents 1 871 212 1 207 839 ANALYSIS OF CHANGES IN NET FUNDS At 111124 Cash flow At 31112124 Net cash Cash at bank 1 207 839 663 373 1 871 212 Total 1 207 839 663 373 1 871 212 The notes form part of these hnancial statements Page 21
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 STATUTORY INFORMATION Buglife The Invertebrate Conservation Trust is a private charitable company Ilmlted by guarantee, registered in England and Wales. The company's registered number and registered offlce address can be found in the reference and administrative details In the Report of the Trustees. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which Is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities,. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Lreland (FRS 102) (effective I January 2019),, Financial Reporting Standard 102 'The Financlal Reporting Standard applicable In the UK and Republlc of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Preparatlon of accounts on a golng concern basis The trustees reported a cash inflow of £663,373 for the year. The trustees are of the vlew that the charity will continue for the next 12 months. Income Income is recognised when the charlty has entitlement to the funds, any performance conditlons attached to the Item(51 of income will be received and the amount can be measured reliably and is not deferred. Income from grants is recognised when the charlty has entitlement to the funds, any performance condltlons attached to the grants have been met, it Is probable that the income will be received and the amount can be measured reliably and Is not deferred. For legacies, entitlement Is taken as the earller of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executorls) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or In part, is only considered probable when the amount can be measured rellably and the charity has been notified of the executor's intention to make distribution. Where legacies have been nollfled to the charity, or the charity is aware of the granting of probate, and the criteria foe income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Interest recelvable Interest on funds held on deposlt is Included when receivable and the amount can be measured reliably by the charity; this 15 normally upon notification of the Interest paid or payable by the Bank. Expendlture Expenditure is recognised once there is a legal or constructive obligation to make payment to a thlrd party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Costs of raising funds comprise the costs of fundraising. Expenditure on charitable activities includes the costs of practical conservation, education and advocacy, policy and campalgning, research and survey and advice and thelr associated support costs. other expenditure represents those items nol falling into any other heading. Page 22 continued...
BUGLIFE - THE INVERTEBRATE CONseRVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES - continued Expenditure Government grants Government grants are treated the same as other restricted grants and the income is recognised on the same basis as described above. Expenses are recognised in accordance wlth the above policy. Support Costs The allocation of support and governance costs is based on the staff costs allocated to.. Practical conservation Education and advocacv Policy and campaignlng Research, survey and advice Fundraising Apportlonment of costs between projects Where a cost 15 attributable to a specific project the cost Is allocated to that project. Where a cost Is attributed to two or more project, the cost Is apportioned between the approprlate projects. Wages are apportioned between projects based upon the budgeted time required at the outset of each project. Tangible fixed assets Tangible fixed assets over £500 and for non-project activities are stated at cost less depreclatlon. Depreciation Is provlded at rates calculated to write off the cost less estimated resldual value of each asset over it's useful life, as follows: Computer equipment Fixtures, fittings and equlpment straight line basis over three years straight line basis over three years Taxation The charity Is exempt from corporation tax on its charitable activitles. Fund accounting Unrestricted funds can be used In accordance with the charitable objectlves at the dlscretlon of the trustees. Funds obtained for specific projects are allocated to the Restricted Fund under the terms of the grant or donation. Any Restricted Fund project deficits are covered by a transfer from the Unrestricted Fund. The Designated Fund was set up for the purpose of setting aside funds to cover project spending not met by the grantee and this fund is now not considered necessary. Further explanation of the nature and purpose of each fund is included in the notes to the financial Statements. Operatin9 leases The charity classifies the Ilcence of the building from which it operates as an operatlng lease,. the title to the property remains with the licencee. Rental charges are charged on a straight line basis over the term of the lease. Page 23 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES - continued Donated servlces Donated professional services have been assessed and valued in note 4 to the accounts. Financlal Instruments The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are Inltlally recognised at transactlon value and subsequently measured at thelr settlement value. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and In hand Cash at bank and cash In hand includes cash and short term highly Ilquid investments with a short maturity of twelve months or less from the date of acquisition or opening of the deposlt or similar account. Creditors Creditors and provlsions are recognSsed where the charlty ha5 a present obllgation resultlng from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligatlon can be measured or estimated reliably. Creditors and provisions are normally recogn5sed at their settlement amount after allowing for any trade discounts. Penslon costs and other post-retlrement beneflts The charitable company operates a defined contributlon pensSon scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Actlvlties in the period to which they relate. Investments Investment5 in subsidiaries are measured at cost less accumulated impairment. DONATIONS AND LEGACIES 2024 2023 Donations Legacies Grants Subscriptions 84,081 579,639 418,184 124 779 197,400 44,010 287,301 126 437 1 206 683 655 148 Donated Services Buglfe obtains considerable support from volunteer5. During the year we received 4,333 hours (2023 4,9941 in voluntary contribution5 ranging from individuals volunteering for practical conservation projects to scientlsts, overseas volunteers, managerial volunteers, students, survey workers, administrators and researchers. If these hours were to be valued and included within the Statement of Financlal Activities then the income and corresponding cost5 would be £5 1,996 (2023 - £57,43 1). Page 24 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 OTHER TRADING ACTIVITIES 2024 2023 Trading activities INVESTMENT INCOME 2024 2023 Rents received Deposlt account Interest 2,010 2,004 INCOME FROM CHARITABLE ACTIVITIES Education Policy and and Advocacy Campaignlng Practical ConservatSon Grants Donations Consultancy 671,358 11,819 458,406 37,221 25,373 688 834 523 262 2024 2023 Research, Survey & Advice Total activitles Total activitles Fundralslng Grants Donations Consultancy Other Income 399,592 58,487 27,352 271 803 23,251 1,577,980 107,527 60,644 271 803 1,333,727 134.596 95.160 757 234 2 017 954 1 646 523 Grants received, included in the above, are as follows.. 2024 2023 Action for Northern Ireland'5 Invertebrate5 Neath Port Talbot - BLine5 West Lothian'5 Buzzing Falkirk Peatland Project SEAMS School Projects London B-Lines Natur am Byth Swansea Bay Natur am Byth Yellow Sally 12,520 65,840 2,368 152,908 1,508 56,90Q 15,839 1,624 4,349 248.219 42,560 Carried forward 296,752 314,191 Page 25 continued...
BUGLZFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 INCOME FROM CHARITABLE ACTIVITIES - continued 2024 2023 8rought forward North Cornwall B-Lines Naturescot 21-22 Changing Chalk Milkywlre Insect Superhighways Canvey Wick Community Warden Get The Marches Buzzing Pollcy Advocacy Belfast Buzzing NaB Eryri NaB Marshes NaB Llyn/Ynys Mon Na8 Shrill Carder Beetle Newport Pollinator Project Space4Nature Cardiff Council LPfN strathmore B-Llnes Guardians of our Rivers Nl Coastal Invertebrates NaB Swansea Bay- Delivery NaB Scarce Yellow Sally - Delivery Life on the edge Sth Devon Get Kings Lynn Buzzing Connecting the Carmarthenshire Coast Scotland.. Saving the small things Pollinator5 Along the Tweed Strathspey Diptera Review Supporting Atlantlc Terrltorles Middlewick Ranges NaB Marshes Nab Llyn/Ynys Mon NaB Shrill Carder Beetle Kernow Wyls The Midlands Crayfish Partnership West Midland Crayfish Partnership Coal Spoil Connections NW Development Project Guardians of our Rivers.. Next step Aberdeen B-Lines 296,752 314,191 28,216 1,286 29,396 123,713 25,398 116,549 87,000 74,003 154 647 (909) 388 2,465 93,026 9,675 91,484 127,105 31,314 11,066 3,399 1,440 8. 900 2,834 7,000 127,137 16,850 37,632 77,504 5,197 91,227 19,775 93,026 26,108 37,962 10,874 39,954 117,786 52,481 78,823 78,774 103,468 17,622 907 2,495 3,237 76,809 65,136 59,430 58,893 14,547 19,013 92,548 1 577 980 1 333 727 Page 26 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 FUNDRAISING COSTS 2024 2023 Ralsing donatlons and legacies 211 773 127 948 CHARITABLE ACTIVITIES COSTS Support COSts (see note 9) Direct Costs Tota15 Practlcal Conservation Education and Advocacy Policy and Campaigning Research, Survey & Advice 521,202 599,286 473,665 923 931 145 763 309 521,347 600,049 473,974 951 554 2 518 084 2 546 924 Direct costs consists of salary cost5 and other direct cost5 comprising of consultancy charge5, contractors, equipment and materlals, and project recharges of general support and fundraising costs. SUPPORT COSTS General support costs Governance COSts Totals Practical Conservation Education and Advocacy Policy and Campaigning Research, Survey & Advice 145 763 309 145 763 309 Page 27 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 SUPPORT COSTS - continued The Trust initlally identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining SUPPOrt costs together with the governance costs are apportioned between fundraising and the four key charitable activities. 10. NET INCOME/(EXPENDITURE) Net income/(expenditurel is stated after charging/(crediting): 2024 2023 Auditors, remuneration Depreciation - owned assets Other operating leases 14,476 5,232 12,178 4,813 11. TRUSTEES, REMUNERATION AND BENEFITS The charlty trustees were not pald and did not recelve any other beneflts from employment wlth the Trust or Its subsidiary In the year {2023: Nil). Trustees, expenses Trustee5 are entitled to reimbursement for expenses incurred on behalf of the charity. During the year two trustees were reimbursed a total of £ 157 (2023: NII) which related to travel and subsistence. No charlty trustees received payment for professional or other services Supplied to the charity (2023: Nil). 12. STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension costs 1,517,630 141,876 1,095,386 93,827 1 750 496 1 254 565 Pension cost5 are allocated to activitie5 in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds. The average monthly head count was 49 staff12023'. 54 staff) and the average monthly number of full- time equivalent employees (including casual and part time staff) during the year wa5 as follows: Page 28 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 12. STAFF COSTS - contlnued The average monthly number of employees during the year was as follows., 2024 32 2023 27 Con5ervationleducation/policy/research Fundraising Administratlon & Facilities Finance 41 33 The number of employee5 whose employee benefits {exclLsding employer pension costs) exceeded £60,000 was.. 2024 2023 £60,001 £70,000 £70.001 - £80,000 £90,001 - £100,000 Pension contributions on behalf on these staff members during the year were £16,879 (2023.. £6,237) KEY MANAGEMENT PERSONNEL The key management personnel of the parent charityi the trust, comprise the trustees and the Chief Executlve Officer, Conservation Director, Fundraising and Communications Director, Director of Finance, Director of Human Resources and Head of Operations. The total employee benefits of the key managernent personnel of the trust were £434,896 {2023'. £287,903). 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE5 Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 655,148 655,148 Charltable actlvlties Practical Conservation Education and Advocacy Policy and Campaigning Research, Survey & Advice Fundraising 594,459 552,921 99,372 263,262 53,469 594,459 552,921 99,372 346,302 53,469 83,040 Lnvestment income Total 771 983 1 563 483 2 335 466 EXPENDITURE ON Raising funds 72,176 55,772 127,948 Page 29 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds Charitable activities Practlcal Conservation Education and Advocacy Policy and Campaigning Research, Survey & Advice Fundraislng 80,458 113,189 252,939 220,547 557.644 439,242 50,404 249,266 638,102 552,431 303,343 469,813 Total 739 309 1 352 328 2 091 637 NET INCOME 32,674 211,155 243,829 RECONCILIATION OF FUNDS Total funds brought forward 772,290 361,535 1,133,825 TOTAL FUNDS CARRIED FORWARD 804 964 572 690 1 377 654 14. TANGIBLE FIXED ASSETS Group and Charity Flxtures and fittings Computer equipment Totals COST At 1st January 2024 Additions 10,580 14,729 25,309 At 31st December 2024 DEPRECIATION At 1st January 2024 Charge for year 9,227 8,504 17,731 At 31st December 2024 NET BOOK VALUE At 31st December 2024 At 31st December 2023 Page 30 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 15. FIXED ASSET INVESTMENTS Charltv Shares in group undertaking MARKET VALUE At 1st January 2024 and 31st December 2024 loo NET BOOK VALUE At 31st December 2024 loo At 31st December 2023 loo There were no Investment assets outslde the UK. The charlty holds 100 shares of £ l each in its wholly owned trading subsidlary company Buglife SeNlces Limited (Cornpany number.. 9265752) which is incorporated in the United Kingdom. These are the only shares allotted, called up and fully paid, The summary of turnover and expenditure of Bugllfe ServSces for 31 December 2024 Is as follows: 2024 2023 Turnover Cost of sales and administration costs Donation from the charity 88,291 (88, 154) (96) 96 Net Profit Amounts glft aided to the charity 137 Retalned in subsidiary The aggregate of assets ond liabilitle5 for Buglife Servlces Ltd for 3 1 December 2024 is as follows.. 2024 2023 Flxed assets Current assets Current liabilities 109,076 108 0761 24,047 Total net assets loo loo Aggregate share capital and reserves loo loo Page 31 contlnued.
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Group Other debtors Prepayments 979,091 542,618 1 019 531 563 260 2024 2023 Charlty Other debtors Prepayments 965,905 542,618 1 006 345 563 260 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Group Trade credltors Accruals and deferred income Accrued expenses 118,559 593,030 269 819 40,796 282,219 981 408 401 023 2024 2023 Charity Trade creditors Accruals and deferred income Accrued expenses 66,348 593,030 237 139 40,796 282,219 896 517 401 023 Deferred income comprises grants received for projects where the entitlement had not yet been secured by fulfilling all conditions of the grant 18. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 2024 2023 Within one year Page 32 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS Net movement in funds At 31112124 At 111124 Unrestricted funds General fund 804,963 298,891 1,103,854 Restrlcted funds Biodiversity Action Swanscombe B-Llnes Changing Chalk London B-Lines Canvey W5ck Blue Ground Beetle Neath Port Talbot - B-Lines Farm Advice West Lothlèn's Buzzing Falkirk's Pollinator Way Falkirk Peatland Project Northern February Red Pollinators Along The Tweed strathmore B-Lines Milkywlre Insect Superhighways Canvey Wick Community Warden Get The Marches Buzzing Policy Advocacy Belfast Buzzing NaB Marshes NaB Llynlynys Mon NaB Shrill Carder Beetle Space4Nature Cardiff Council LPfN Guardians of our Rivers Swanscombe Crowd Justice IIA - Green Match Fund Lochrosque Peatland Survey Life on the Edge Strathspey Diptera Review Scotland - Saving the Small Things NI Coastal Invertebrates NaB Swansea Bay - Delivery NaB Scarce Yellow Sally - Delivery Restore the Thaw Connecting the Carmarthenshire Coast Species on the Edge NE Threatened Species Recovery actions Supporting Atlantic Territories Middlewick Ranges Kernow Wyls The Midlands Crayfish Partnership West Nidland Crayfish Partnership Oil Beetle 10,000 1,495 88,594 13,345 16,204 I,ioo 1,307 6,868 (275) 1,458 153 58,845 1,964 87,400 14,503 438 8,038 7,576 50,419 11,395 10,000 1,495 56,329 15,017 9,717 I,ioo {32,265) 1,672 (6,487) (1,307) (6,868) 2,441 (681) (153) 207,905 2,166 777 266,750 1,964 73,893 (13,507) {14,503) (422) (3,542) (7,576) (51,668) (11,395) 190 136 (i) 11,114 46 (65,939) 16 4,496 (1,249) 190 136 (i) 14,579 96 3,241 49,013 1,417 3,465 50 69,180 49,013 6,285 50 343 15,449 40,559 (193) 1,089 316 (18) (4,868) (50) (2,850) (1,188) (13,432) 193 (918) 10,564 (2,507) 14,261 27,127 171 10,880 (18) 3,143 10,674 3,143 9,409 (5,011) 29,899 16,422 50,132 46,814 19,937 5,516 1,265 5,011 29,899 16,422 50,132 46,814 19,937 5,516 Page 33 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Coal Spoil Connections NW Development Project Scottish Invertebrates Guardians of our Rivers.. Next Step Aberdeen B-Lines 3,795 7,533 10,353 20.929 3,795 7,533 10,353 20,929 572 691 238 890 811 581 TOTAL FUNDS 1 377 654 537 781 1 915 435 Page 34 continued..-
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - contlnued Net movement in funds, included In the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,609,599 (1,310,708) 298,891 Restricted funds B-Lines Changlng Chalk London 8-Lines AWT B-Lines 81ue Ground Beetle Neath Port Talbot - Blines Farm Advice West Lothian's BuzzSng Falklrk's Pollinator Way Falkirk Peatland Project Pollinators Along The Tweed strathmore 8-Lines Milkywire Insect Superhighways Canvey Wick Community Warden Get The Marches Buzzing Policy Advocacy Belfast Buzzing NaB Marshes NaB Llynlynys Mon NaB Shrlll Carder Beetle Space4Nature Cardiff Council LPfN Guardians of our Rivers IIA - Green Match Fund Lochrosque Peatland Survey Life on the Edge Strathspey Diptera Review Scotland - Saving the Small Things Nl Coastal Invertebrates NaB Swansea Bay - Delivery NaB Scarce Yellow Sally - Delivery Restore the Thaw Connecting the Carmarthenshire Coast Species on the Edge NE Threatened Species Recovery Actions Supporting Atlantic Territories Middlewick Ranges Kernow Wyls The Midlands Crayfish Partnership West Midland Crayfish Partnership Oil Beetle Coal Spoil Connections NW Development Project 2,735 37,682 42,610 2,762 584 1,624 5,189 4,348 (35,000) (36,010) (49,097) (2,762) (1,891) (8,492) (2,748) (5,029) (153) (40,314) (92,280) (52,465) (77,925) (36,715) (142,533) (51,668) (31,269) (717) (2,359) (3,238) (86,612) {26,063) {87,610) (4,868) (50) (116,673) {1,188) (13,507) (39,761) {118,703) (51,701) (1,066) (4,773) (9,098) (9,992) (73,569) (1,200) {35,701) {18,322) (39,493) (317) (55,097) {7,014) (32,265) 1,672 (6,487) (1,307) {6,868) 2,441 (681) (153) 207,905 (13,507) (14,503) (422) (3,542) (7,576) (51,668) (11,395) 190 136 (i) 11,114 46 (65,939) (4,868) (50) (2,850) (1,188) (13,432) 193 (918) 10.564 248,219 78,773 37,962 77,503 33,173 134,957 19,874 907 2,495 3,237 97,726 26,109 21,671 113,823 75 39,954 117,785 62,265 1,066 7,916 18,507 4,981 103,468 17,622 85,833 65,136 59,430 5,833 58,892 14,547 3.143 9.409 (5,011) 29,899 16,422 50,132 46,814 19,937 5,516 3,795 7,533 Page 35 continued.-.
UGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Scottish Invertebrates Guardians of our Rivers: Next Step Aberdeen B-Lines 17,297 24,013 (6,944) (3,084) 70 698) 10,353 20,929 1 746 144 1 507 254) 238 890 TOTAL FUNDS 537 781 Page 36 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Comparatives for movement In funds Net movement in funds At 31112123 At 1/1123 Unrestrlcted funds General fund 772,290 32,673 804,963 Restrlcted funds Biodiversity Action Ladybird Splder Swanscombe B-Lines Changing Chalk IIA Suffolk MOD B-Lines London B-Lines Action For N.1. Invertebrates Canvey Wick AWT B-Lines Blue Ground Beetle Neath Port Talbot - Blines Natur am Byth Swansea Bay Natur am Byth Yellow Sally Newport Pollinator Project Farm Advice Nortth Cornwall B-Lines West Lothian's 8uzzlng Falkirk's Pollinator Wav Falkirk Peatland Project SEAMS School Projects Northern February Red Pollinators Along The Tweed Naturescot 21-22 Strathmore B-Lines MilkywSre Insect Superhighways Canvey Wick Community Warden Get The Marches Buzzing Policy Advocacy Belfast Buzzing Na8 Eryri NaB Marshes NaB Llyn/Ynys Mon Space4Nature Cardiff Council LPfN Guardlans of our River5 Swanscombe Crowd Justice IIA - Green Match Fund Lochrosque Peatland Survey Life on the Edge Strathspey Diptera Review 10,000 116 1,803 39,663 21,426 3,050 1,542 3,900 862 I,ioo 540 2,340 5,888 (4,187) 859 16,182 1,019 (898) 1,458 2,047 95,475 4,241 1,964 24,806 350 1,735 37 10,000 (1161 1308) 48,931 18,081) {3,050) {1,542) 12,304 1862) 1,495 88,594 13,345 16,204 I,ioo (540) (1,033) 980 4,187 (8591 (16.182) 11.294) 898 1,307 6,868 (275) 1,458 153 58,845 11.894) (36,630) {4,241) 1,964 87,400 62,594 (350) 12,768 401 8,038 (354) 50,419 10,806 1292) (47) (16) (15,710) 26 55,399 (143) (16,717) 14,503 438 8,038 7,576 50,419 11,395 7,930 589 292 47 16 19,175 24 13,781 49,156 23,002 50 6,230 3,465 50 69,180 49,013 6,285 50 343 15,449 (5,887) 15,449 Page 37 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Scotland - Saving the Small Things Nl Coastal Invertebrates NaB Swansea 8ay - Delivery NaB Scarce Yellow Sally - Delivery Restore the Thaw Species on the Edge NE Threatened Species Recovery Actions 3925 36,434 (193) 1,089 316 (18) 1,265 40,559 (193) 1,089 316 {181 1,265 361 535 211 156 572 691 TOTAL FUNDS 1 133 825 243 829 1 377 654 Page 36 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - contlnued Comparative net movement in funds, included In the above are as follows,, Incoming resources Resources expended Movement in funds Unfestrlcted funds General fund 771,983 {739,310) 32,673 Restricted funds Ladybird Spider Swanscombe B-Lines Changing Chalk IIA Suffolk MOD B-Lines London B-Lines Action For N.1. Invertebrates AWT B-Lines Blue Ground Beetle Neath Port Talbot - 81ines Natur am Byth - Swansea Bay Natur am Byth Yellow Sally Newport Pollinator Project Farm Advice Nortth Cornwall 8-Lines West Lothian's Buzzlng Falkirk's Pollinator Way Falkirk Peatland Project SEAMS School Projects Pollinators Along The Tweed Naturescot 2 1-22 Strathmore B-Lines Milkywire Insect Superhighways Canvey Wick Community Warden Get The Marches Buzzing Policy Advocacy 8elfast Buzzing NaB Eryri NaB Marshes NaB Llynlynys Mon NaB Shrill Carder Beetle Cardiff Council (Network Rail) Spoce4Nature Cardiff Council LPfN Guardians of our River5 Swanscombe Crowd Justice ILA - Green Match Fund Frickley Country Park Survey Species Evidence Base Guardians of our Rivers Life on the Edge Strathspey Diptera Review Scotland - Saving the Small Things (116) (308) (116} (3081 48,931 18,0811 {3,050) (1,542) 12,304 (862) (540) (1,0331 980 4,187 (859) {16,182) (1,294) 898 48,931 29,721 (37,802) (3.050) 11,542) {44,596) {13,382) {7,434) (2,457) (64,860) (11,652) 17,167) (18,647) 15,007) {27,318) 12,368) {1,989) (189,539) {5,749) (64,544) (1,636) (78,715) (123,312) (45,539) 1153,811) 136,581) (63,323) 1446) {694) 893 {388) (1,605) (114,4951 (9,649) (77,357) (157) (16,717) (1,509) (8,517) (10,505) (20.842) (1,401) {1,982) 56,900 12,520 6,894 1,424 65,840 15,839 6,308 2,465 3,713 28,216 2,368 95 152,909 1,508 127,138 1,286 91,483 123,713 53,577 153,457 87,000 74,129 154 647 (9091 388 1,605 98,785 9,675 132,756 14 (1,894) 136,630) 14,2411 62,594 (350) 12,768 401 8,038 1354) 50,419 10,806 {292) {47) {16) 115,710) 26 55,399 1143) {16,717) 1,509 8,517 10,505 14,955 16,850 38,616 (5,887) 15,449 36,634 Page 39 contlnued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - contlnued Nl Coastal Invertebrates NaB Swansea Bay - Delivery NaB Scarce Yellow Sally - Delivery Get Kings Lynn Buzzing Restore the Thaw Connecting the Carmarthenshire Coast Species on the Edge NE Threatened Specie5 Recovery actions 31,314 15,307 3,399 8,900 250 2,834 5,035 (31,507) (14,218) (3,083) (8,900) (268) 12,834) {3,770) {193) 1,089 316 (18) 1,265 1 563 483 1 352 327> 211 156 TOTAL FUNDS 243 829 Detalls of restrlcted funds Blodlverslty Actlon Buglife continued to engage with Biodiversity policy and strategy work, playlng an active role In the UK Link organisations and the taxonomic 9roups in the devolved countrie5. Swanscombe Campaign to save the Swanscombe Peninsula SSSI and secure it's future for wildlife. B-Llnes This project aims to create wildflower habits across the UK to sustaln healthy insect pollinator populations. Regular and ad hoc donations has provided on-going funding. Changlng Chalk National Trust led partnership project in the Sussex Downs. Buglife project work includes Landscapes for Wild Pollinators to encourage B-Lines delivery, sustainable vineyards for Invertebrates for pollinators and a Wart-biter bush-crlcket recovery plan. London B-Llnes Development phase for a London B-Lines project to create wildflower-rich habitats in the London B-Line and engage and inspire local communities. Canvey Wlck and Canvey Wlck Communlty Warden Buglife manage Canvey Wick as a 'Bug Reserve, in partnershlp with the RSPB, on behalf of the Land Trust. We are responsible for survey and monitoring works and providing technical input into the ongoing management and communication5 plans. Blue Ground Beetle NLHF funded project raising awareness of the Blue Ground Beetle and ancient woodland habitat in South Wales. Outreach, community engagement, habilat management, workshops and surveys. Neath Port Talbot B-lines Working with project partners and local communities to restore and connect pollinator habitat in Neath Port Talbot. Farm Advice Pollinator and farm wlldlife talks, training and assessments for farmers and other land managers and owners. Page 40 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - continued West Lothlan's Buzzing Working in partnership with the local authority, this meadow creation project aims to transform amenity grassland at sites identified along B-Lines into areas of species-rich grassland for pollinators and people to enjoy. Falkirk's Pollinator Way This project 15 transforming several parks across Falkirk {at sites identified through the previous John Muir Pollinator Way project) into wildflower meadow areas with the help of the local community. This is partnership project between Buglife and Falkirk Councll. Falklrk Peatland Project Work to enhance or restore up to ten damaged lowland raised bogs that have been identifled in the Falklrk Council area. Each of these bogs has been subjected to detrimental management practices in the past including drainage for agriculture, forestry or mineral extraction (peat and coal). Funded by SPEN (Scottlsh Power Energy Networks) Northern February Red Funded by the Cairngorms National Park Authority, this project will support staff from the Natural HstOrY Museum, London working together with Buglife staff, to develop an environmental DNA method for future surveys for the Northern February Red Stonefly in the Calrngorms. Polllnators Along The Tweed Pollinators Along the Tweed is a Natlonal Lottery Heritage Funded project led by The Tweed Forum. It will create a network for nature on the River Tweed B-Line by increasing the area of wildflower-rich grasslands and restoring habitat connectivity. The project will engage with the local authority, landowners and comrnunities in the creation, restoration and enhancement of sites for pollinators in villages and towns along the River Tweed. strathmore B-Lines Strathmore 8-Llnes aims to restore 20 hectares of grassland and nectar rich habitats. Increaslng the area and quality of pollinator-friendly wildflower habitat acr055 the B-Line, at 20 sites between Dunkeld and Montrose. This project is funded by the Natlonal Lottery Heritage Fund an(i Gannochy Trust. Mllkywlre Insect Superhighways Fund provided predominantly by Klarna through the Milkywire foLtndation. Thls funding is dedicated to supporting the development of B-Lines and 35 such it underpins a portion of central costs in supporting and developing new B-Lines project as well as providing match funding to larger scale 8-Lines projects to ensure they are efficiently delivered and fully funded. Get the Marches Buzzing. A Buglife-led partnership project which will see the restoration of 57 hectares of Wildflower-rich habitat across Shrop5hire and North Herefordshire, including area5 critical to the survival of the Dingy Skipper (Erynnis tages) and Bilberry Bumblebee (Bombus monticola). Policy Advocacy Buglife's policy and advocacy work Is an Important way to conserve invertebrates. This will be by influencing government with regards to new policy and legislation, raising awareness of invertebrate5 nd other wider issues, to engaging wlth partner organisation, supporters, envlronmenlal lobby groups, and members of the public. Page 41 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Belfast's Buzzingl A B-Line5 project working with local communities and landowners to create and restore a network of wildflower-rich habitat in Belfast with a focus on public green spaces. This project Is funded by the National Lottery Herbtage Fund. NaB - Welsh Marches Wales-wide species conservation project delivered in partnership with species NGOS and NRW. Main funder is NLHF and the project is In the Development Phase. Buglife Project Officer provided technical expertise. NaB - Llyn/Yny$ Mon Wales-wide specie5 conservation project delivered in partnership with species NGOS and NRW. Main funder Is NLHF and the project is in the Development Phase. Buglife Project Officer carrled out species surveys, reporting and prOvded technical expertlse. NaB Shrlll Carder Beetle Buglife 15 undertaking surveys and training workshops for the Short-necked oll beetle in south Pembrokeshire. Space4Nature Space4Nature alms to develop a usable tool for automated assessment of habltat types and condition assessments, using cutting e(ige 'Very High Resolution, satelllte imagery and machine learning technology. Funded by the People's Postcode Lottery's Dream Fund, this project will additionally deliver 30ha of wlldflower-rlch habitat within Surrey's B-Line. Cardlff Councll LPfN Cardlff Councll project funding Buglife Officer to deliver pollinator tralnlng and outreach across the City Guardlans of our Rlvers The Guardians of Our Rivers proj'ect wlll recrult, support and traln local people who would like to get involved in monitoring the health of their local river. The project Is funded by Swlre Charltable Trust, Highland & Island Environment Foundation {HIEF), Hugh Fraser Foundation, The Northwick Trust and Anlmal Frlends Pet Insurance. Swanscombe Crowd Justice Funds raised collaboratively with save Swanscombe campalgn partners to access expert advice and produce campaign materials. IIA Green Match Fund Developing the UK-wide fine-scale mapped Important Invertebrate Areas network, sUPPOrted by the Big Give's Green Match Fund. Lochrosque Peatland Survey Working with Lochrosque Estate, Caledonian Climate Partners and Wetlands International to investigate the invertebrate biodiversity of restored peatlands. Life on the Edge Led by South Devon AONB, this project will restore wildflower-rich c05tal habitats along the South Devon coast, and undertake urgent work to support the recovery of some of the UK'S most threatened plants and invertebrates. Currently in a development phase this project 15 funded by the National Lottery Heritage Fund and Devon Environment Foundation. Page 42 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Strathspey Diptera Review This exciting review will improve our knowledge of the species of fly (Diptera) in the Strathspey area of the Cairngorms National Park. In a UK context, the Strathspey is a remarkable hot spot for fly species rlchness. The overall aim is to assemble knowledge about the flies of the Strathspey wlthin the Cairngorm National Park Into a single place. Scotland - Savlng the Small Thlngs Funded by the Nlmar Charltable Trust thSs project will support rare species conservatlon In Scotland. NX Coastal Invertebrates This project aims to restore and enhance habitats along the coast. 5UPPOrting the recovery of threatened Invertebrates. Actbvities include Invertebrate surveys and monitoring, habitat condition assessments, providlng advice to landowners and land managers, and engaglng local communities wSth the wildlife on their doorstep. NaB Swansea Bay - Dellvery Targeted action undertaken for 13 species in the Swansea, CarmarthenshSre and Neath Port Talbot areas, and a wlde range of people engagement actSvities to enhance connection with nature. Na8 Scarce Yellow Sally - Dellvery Tar9eted action including species surveys and habitat assessments undertaken for Scarce Yellow Sallyi and a wide range of people engagement activities to enhance connection wlth nature. Restore the Thaw This project involves the delivery of engagement events including Oil beetle and Darkling beetle tralning workshops and surveys, leading walks at scheduled project events. Restore the Thaw project is delivered by Vale of Glamorgan Council. Connectlng the Carmarthenshlre Coast The project has been developed to build upon the past rare bumblebee work in Wales by enhancing the connectivity of the area wlth comprehensive surveys being carried out across key sltes, providing us with an accurate plcture of populations and habitat for target bumblebee specles. Species on the Edge A programme for species recovery in Scotland, that aims to take actlon on over 37 decllning and threatened specles acros5 Scotland'5 coasts and islands. NE Threatened Specles Recovery Actions Natural England funded work to identify species requiring specific actions to recover their populatlons, and to prlorltise the actions needed for them to recover. Supporting Atlant1¢ Territorles Darwin Plus funded project working with four UK Overseas Territories to identifying Important Invertebrate Area5 for endemic and native species. It will gather spatial dafa to support the prioritisation of conservation and restoration efforts for Bermuda, the Falkland Islands. Anguilla, and Ascension. Middlewick Ranges Funds raised collaboratively with Middlewick Ranges campaign partners through crowd funding to 5UPPOrt the legal costs of the campaign. Page 43 continued...
BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 19. MOVEMENT IN FUNDS- continued Kernow Wyls 8-Line5 project restoring 25ha of species-rich grassland habitat along north and south Cornish coosts. Habitat work and surveys to support populations of 10 species of threatened invertebrate. Publlc engagement and outreach around surveying, identification and how people can help pollinators. Funded by NLHF. The Mldland Crayflsh Partnershlp A three- year NLHF- funded project to co-ordlnate White -clawed crayfish activities accross the Midlands. The project includes Outreach and engagement around freshwater invertebrates, working with specialist contractors around surveying and mapping crayfish populations and creating 5 new ark site5 in the region, plus organisin9 a midlands -wide crayfish partnership Involving all key stake-holders. West Midland Crayfish Partnership An eight month long development phase of the Midlands Crayfish Partnership, focussed on the West Midlands Combined Authority area, funded by the Community and Environment Fund. The project involve5 Outreach and engagement around freshwater invertebrates, working with specialist contractors around surveying and mapping crayfish populations and scoping for new ark sites in the region. Oil Beetle Undertaking desk based studies and surveys to learn more about the Rugged oil beetle population In Wales. The intention is that thls will inform future project development re. Oil beetles in Wales Coal Spolls Connectlons WGINLHF funded project which aims to.. raise awareness of coal spoll habitats and their Importance for biodiversity and communities,. engage a wide variety of audiences providing technical and non-technical training sessions; survey project sites in Caerphilly, RCT and Blaenau Gwent, undertake desk-based analysis coal spoil biodiversity potential and hold a conference. NW Development Project Thls project was funded from Milkywire funds to undertake project development work for what Is now called the 'Wrexham Brownfield Project,. Th55 Snvolved meeting potential proJect partners, making new connections. identifying proj'ect sites, holding site meeting5lvisits and contributing to the project proposal. Scottlsh Invertebrates This project has been funded by a private donation to fund pollinator related work ongolng in Scotland- for the benefit of bees, hoverflies and other insect pollinator5 and the habitats that they call home. Guardians of our Rivers- Next Steps NLHF and NS funded project. Developlng a river monitoring communlty across Scotland. Offering training and development to new and current volunteers. Attending events and engaging the wider community through workshops. Aberdeen B-Lines Dominantly Naturescot funded project. Working along the mapped B-Lines wlthin the city of Aberdeen, Aberdeen B-Lines will create important habitat for pollinators across the city working with Aberdeen City Council. 20. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 315t December 2024. Page 44